Share on StockTwits

Research analysts at ISI Group lowered their price target on shares of Home Properties (NYSE:HME) from $66.00 to $1.00 in a report released on Friday. ISI Group’s price target suggests a potential downside of 98.43% from the company’s current price.

Home Properties (NYSE:HME) traded down 2.90% during mid-day trading on Friday, hitting $63.88. 612,576 shares of the company’s stock traded hands. Home Properties has a 1-year low of $52.16 and a 1-year high of $66.74. The stock’s 50-day moving average is $64.22 and its 200-day moving average is $60.87. The company has a market cap of $3.650 billion and a P/E ratio of 23.93.

Home Properties (NYSE:HME) last announced its earnings results on Thursday, July 31st. The company reported $1.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.11. The company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $168.52 million. During the same quarter last year, the company posted $1.11 earnings per share. Home Properties’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Home Properties will post $4.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Monday, August 11th.

HME has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Home Properties from $62.00 to $64.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Compass Point reiterated a “buy” rating on shares of Home Properties in a research note on Monday, May 5th. They now have a $65.60 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.66.

Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.